Taxation law covers the rules and policies that regard the tax process. This process includes charges on estates, property, transactions, incomes and licenses, as well as expenses set by the government. Taxation also concerns duties on import from foreign nations and all the mandatory levies which imposed by the government on individuals for benefit of the nation.
Taxation law covers all the taxes which have to be paid to the government either directly or indirectly. Indirect taxes are those applied to goods and services which meant to be consumed. These taxes are paid to an intermediary. Direct taxes are those individual pay directly to the government and usually concerns taxes on personal property, real property and income. Nowadays taxation law is widely spread and there are numerous jurisdictions related to it. These change from country to country.
Duty law relates to a system of rules which obligates individuals to adhere to a standard of reasonable care when performing any acts which can hurt the others. This type of law is important to society as it underlines the responsibilities individuals have towards the others. Nowadays, duty law is widely accepted and there are different jurisdictions related to it.
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